“[M]y dad got his bike there. He got an OK deal, but it’s not a really good bike and it’s not suited to him. We went beforehand, checked out the bikes, picked 5 or 6 he liked, researched them, figured out prices we’d pay, and showed up to the auction. What happened was any bike we thought was good, so did everyone else. If our research suggested $300 was adequate, it was quickly bid up to $500 in about 30 seconds. Finally, we panicked and paid a little too much for a bike that was meh.” – twelvis, Reddit